Why don't Brits rule the corporate world?
Vodafone in its modern, multinational form was to a large extent created by Sir Chris Gent, an ambitious Brit who went on a takeover spree around a decade ago.
Whether or not that takeover spree was good for shareholders or for the UK is an argument for another day.
But it is striking that with the appointment today of Gerard Kleisterlee as its chairman, Vodafone - the UK's second biggest company - is now chaired by a Dutchman and run by an Italian, Vittorio Colao.
For the UK's biggest multinational companies, it is now a clear trend for Brits to be in the minority in the most senior positions.
Including Vodafone, four of the five biggest British businesses by market value don't have a Brit as either chairman or chief executive: BP is run by a Swede and an American; Rio Tinto by a South African and an American; and Shell by a Finn and a Swiss national.
Only HSBC, of that top five, has Brits at the top.
What's going on?
Well some would say that these companies aren't really British any longer in anything but a formal, legalistic sense - in that their assets are all over the world, and the UK is often not their biggest market.
On that view, Britishness of these companies is a quaint accident of history. And you would expect such international institutions to be managed by citizens from many different countries.
But here's the thing. If you look at American multinationals, or French multinationals, Dutch Multinationals, or German multinationals, Indian multinationals, or Swedish multinationals, you see lots of Americans, French, Dutch, Germans, Indians and Swedes at the helm.
You see them at the helm of businesses from their own respective countries. And you see them running companies that are headquartered half a world away from where they were born.
However you don't see that many Brits in the ascendant at non-British companies or - increasingly - at British companies.
Why is that?
Well that apparently endangered species, the British chairman of a British FTSE100 company told me he thinks it's a work-life balance thing: he claims that we Brits prefer the quiet life at home, rather than the thrills of living on a plane and consorting with prime ministers and the rest of the global elite.
Or maybe it's just another manifestation of the relative openness of the British economy and the UK's unusual cultural tolerance.
Does it matter that the big bosses aren't from the UK?
Well it might, on the margin, have an impact on where these companies choose to invest.
And if you think these companies are global powerhouses, there is a question about whether British interests are sufficiently represented when corporate bosses flex their political and economic muscles.